If you are currently trying to sell your home "for sale by owner" then you might be considering an mls listing.
The mls is the best way to get exposure for your home but you need to be aware of what an mls listing is and what it means.
The first thing to understand is that the mls is an service that real estate agents subscribe to in order to exchange information on properties and offer compensation for bringing a buyer to the transaction.
Traditional real estate brokers have never been too excited about for sale by owners getting their homes on the mls. That being said this type of listing has grown to be accepted by agents over the last 5 years. In fact, at Berg Properties it is quite common to get referrals from traditional brokers that are trying to help out a friend or relative who cannot afford to pay out a full 5-6% commission.
The best way to take advantage of the mls is to offer a cooperating commission to buyer's agents. Buyer agent commissions usually range from 2.5%-3%. In the deals that we close about 90% of the buyers have real estate agents representing them.